In an interview with CNBC-TV18 Gautam Sinha Roy said the impact of demonetisation will be felt more in rural facing, consumption inclined towards rural demand and real estate-linked sectors including building materials.

Given the scenario, the biggest threat to Indian markets going ahead would be if Britain's 'separation contagion' spreads to other member countries of the EU going forward, says Manish Sonthalia, Senior Vice President at Motilal Oswal Asset Management.

Speaking to CNBC-TV18, Gautam Sinha Roy of Motilal Oswal said that the value in the midcap space is still intact and the earnings growth cycle is yet to play out and hence it is a very good time to stay invested.

Motilal Oswal Mutual Fund launches Motilal Oswal MOSt Focused Long Term Fund, an open ended Equity Linked Saving Scheme (ELSS) with a 3 year lock-in that aims to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments.

Gautam Sinha Roy, VP, equity strategy and product of Motilal Oswal Securities advised buying Larsen & Toubro (L&T). "It bagged one of the largest orders in the Saudi Arabia region in the hydrocarbon space, which should really shore up the order book and order inflows on a year-on-year basis."

Gautam Sinha Roy, VP-Equity Strategy and Product of Motilal Oswal Securities is of the opinion that one may pick ICICI Bank as the stock is available at 1.5 times valuation, price to book, one year forward.